DSCR (Debt Service Coverage Ratio) Loan
Northstar Funding can help secure multi-million dollar loans for investment properties if the rent on a property covers the mortgage payment. These loans can allow for cash-out to be used to meet reserve requirements. Highlights of these loans include:
- FICOs as low as 620
- Maximum loans of 3.5M
- Maximum of LTV of 85%
- Cash-out up to 75% LTV
- No income stated
- 4 & 5 Year Prepay options available
- Transferred appraisals allowed
Northstar is able to help secure these DSCR loans for first time investors, as well as non-permanent residents. These loans are great for non-owner-occupied, 1-4 unit properties. Call to learn more about what loans you can qualify for any time, 24/7. If you’d like to set up a meeting with Joe Pisa to discuss unique situations or answer any further questions, use the link below to get started:
https://northstarfunding.loanzify.io/register?loan_officer_id=227964